Can the SPV transfer the properties back to council for existing residents so that tenancies can be secure tenancies?

Can the SPV transfer the properties back to council for existing residents so that tenancies can be secure tenancies?

Answer

Posted by Abbas Raza194sc on March 03, 2016

No. Homes for Lambeth needs to retain the leasehold on the buildings it will build in order to remain viable. Homes for Lambeth will require the income stream from the rents to pay for the construction costs of the new homes.